RevolutionFX-Overview of Minimum Deposit, Leverage, Spreads

General Information

RevolutionFX is allegedly a broker based in Saint Vincent and the Grenadines that provides its clients with flexible leverage up to 1:200, variable spreads, and a variety of tradable assets with six different account types and the worlds most popular MetaTrader4 trading platform.

Market Instruments

RevolutionFX advertises that it mainly offers four different classes of trading instruments in financial markets, including forex, commodities, indices and stocks.

Account Types

There are six live trading accounts offered by RevolutionFX, apart from demo accounts, namely Micro, Mini, Classic, Pro, VIP and Platinum. Opening a Micro account requires the minimum initial deposit amount of $250, while the other five account types with the minimum initial capital requirements of $1,000, $5,000, $10,000, $25,000 and $100,000 respectively.

Leverage

Traders holding different account types can enjoy different maximum leverage ratios. Clients on the Micro or Mini account can enjoy the maximum leverage as high as 1:200, the Classic or Pro account can experience the leverage of up to 1:100, while the VIP account with a leverage of 1:30 and the Platinum account with a leverage of 1:20. Bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.

Spreads & Commissions

Spreads and commissions are influenced by what type of accounts traders are holding. RevolutionFX reveals that the spreads on the Micro or Mini account start from 3 pips, the clients on the Classic account can experience spreads from 2.5 pips, the Pro account with spreads from 2 pips, the VIP account with spreads from 1 pip, while the Platinum account can enjoy the lowest spreads from 0.7 pips. As for commissions, the broker will charge some unknown commissions on Micro, Mini and Classic accounts, while the left three account types with no commission.

Trading Platform Available

When it comes to trading platforms available,RevolutionFX gives traders the worlds most widely-used MetaTrader4 platform. MetaTrader4 is known as one of the most successful, efficient, and competent forex trading software. Other more details can be found in the following screenshot.

Deposit & Withdrawal

RevolutionFX accepts payments via credit cards, wire transfer, Pistrix and cryptocurrencies. The minimum deposit requirement is $250, while there is no information regarding the minimum withdrawal amount. Only that for each withdrawal, the broker will charge 20% commission in advance and it may take 4-7 days to process withdrawal requests.

Customer Support

RevolutionFXs customer support can be reached by telephone: +447988957649, email: compliance.sp@fxrevolution.io. Company address: Beachmont Business Centre, Suite 33, Kingstown, St.Vincent and the Grenadines and Savi Services.